Canada has Interac. We had secure chip cards long before the US, doing money transfers person to person is trivial.
At one point, I had to travel in the US with a burner credit card because the card number was stolen every time.
Good. Fuck 'em.
It’s almost like putting tariffs on everybody who looks at you strangely and threatening to annex your allies will cause them to stop trusting you.
Exactly what a Russian puppet president would do to isolate us for a rival country.
Who looked at them strangely? This was all just trying to look though for no reason. And for the situation they’ve created themselves in the first place.
Regional Powers like Brazil, India, China and the EU are moving away from Swift which is under US majority control , and/or the US owned Mastercard/Visa system ( #E):
“The rise of “sovereign” systems, especially in Europe, a big source of Visa’s and Mastercard’s international business, could erode their enviable operating margins of over 50%. In their latest annual reports, both companies brought up “preferential” treatment of domestic payments systems as a risk to business. That may be one reason why investors have lately been lukewarm about the two giants, despite healthy earnings. After a sustained climb starting in 2023, their share prices have declined in the past year (see chart).”
#edit see comment
Swift isnt visa/mastercard its something else. Its based in europe so despite being dominated by american banks the eu would be ok using it, but china etc. do not want to rely on it and are making an alternative.
The eu is planning alternatives to visa/mc, not swift.
Indeed we already have a “swift” system: SEPA and T2 for EUR-EUR settlements.
Swift isnt visa/mastercard its something else.
Yes, I should have put it down more nuanced. I’ll update it.
The American empire is on the verge of collapse. It won’t be missed.
The entire world will have to rebuild. Not sure why everyone wants the US to be as bad as Russia.
The entire world will have to rebuild.
Will it? The trade relations with US will not disappear suddenly. US will still import/export whatever they can and the rest of the world will reorganize slowly. New military alliances will be forged and this will also be a gradual process. US will be left isolated, the world will move on. The world will see some changes but it will not be destroyed.
How can Europe maintain itself without aligning with even worse countries?
They will invest heavily in defense to become independent from US. It will take 5-10 years but it’s doable.
They will forge new relations with Canada, UK, South America, India and Africa.
They will expand and invite new members like Ukraine, Moldavia and the Balkans.
Nobody wanted it. It’s the Americans who stupidly and ignorantly chose that path without even thinking they did.
To be fair, Trumpstein and gang had multiple opportunities to be arrested for child sex trafficking in other countries too. No one puts criminals where they belong, eventually they will end up where they don’t belong.
Nobody wants it except republicans, but Americans are hell bent on letting republicans destroy their country.
Why do you think everyone wants the US to be bad? Let alone as bad as Russia?
Unfortunately for almost everyone, in many ways, the US is already worse than Russia.
I want the US to support the rule of law, negotiate with honesty for mutual benefit, respect human rights, reform its political system to achieve democracy internally and stop invading, threatening to invade or otherwise interfering in the affairs of sovereign nations. But the US is what it is.
These days I feel like its not Russia vs USA, its Russia & USA vs China.
Personally I’m all-in on the EU though.
I’m not saying we’re competing, I’m saying we don’t want to compete for the bottom and be like russia. They’re really hurting right now.
Gotcha, agreed.
Can’t happen fast enough.
Let it burn.
Paywalled
Thanks!
